Susan M. Villare - 07 Mar 2023 Form 4 Insider Report for MARIMED INC. (MRMD)

Role: Chief Financial Officer
Signature: /s/ Susan M. Villare
Issuer symbol: MRMD
Transactions as of: 07 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 14 Mar 2023, 16:42:15 UTC
Previous filing: 18 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MRMD	Common stock						350,000	07 Mar 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MRMD	Restricted Stock Units (RSU)	Award	$0	+60,000		$0.000000	60,000	07 Mar 2023	Common Stock, par value $.001 per share	60,000		Direct	F1, F2
holding	MRMD	Option to buy common stock						400,000	07 Mar 2023	Common Stock, par value $.001 per share	400,000	$0.6400	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The RSUs were granted to the Reporting Person in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended. Each RSU represents a contingent right to receive one share of the Issuers common stock RSUs convert to common stock on a one-for-one basis.
F2	The RSUs vest over a three year period of which 20,000 RSUs will vest on March 7, 2024 and thereafter, 10,000 RSUs will vest every succeeding six (6) months through March 7, 2026, on each of September 7th and March 7th, in accordance with the terms of an award agreement between the Issuer and the Reporting Person.
F3	Granted to the Reporting Person on May 2, 2022 (the "Grant Date"), this option is exercisable to acquire 100,000 of the underlying shares on the six (6) month anniversary of the Grant Date (the "Initial Vesting Date") and for an additional 100,000 shares on the last day of every succeeding six (6) month period after the Initial Vesting Date until the option is fully vested.